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2025-03-31-accounts

GARTHAMLOCK AND CRAIGEND DEVELOPMENT TRUST SCIO

TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Scottish Charity Number: SC052419

Contents of the Annual Report and Year End Accounts For the Year Ended 31 March 2025

Page
References and Administrative Information 1
Trustees Annual Report 2 - 5
Statement of Receipts and Payments 6
Statement of Balances 7
Notes to the accounts 8 – 10
Independent Examiners Report on the Accounts 11

Reference and Administrative Information For the Year Ended 31 March 2025

CHARITY NAME

Garthamlock and Craigend Development Trust SCIO

REGISTERED CHARITY NUMBER

SC052419 (Scotland)

PRINCIPAL ADDRESS

REGISTERED ADDRESS

TRUSTEES

BANKERS

Co-operative Bank PO Box 250, Delf House Skelmersdale WN8 6WT

INDEPENDENT EXAMINER

Accountant

1

Trustees’ Annual Report For the Year Ended 31 March 2025

The Trustees present their Annual Report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared on a receipts and payments basis, in accordance with Section 9 of the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006. The receipts and payments format is suitable for the current scale of activity and income of Garthamlock and Craigend Development Trust SCIO (“the Trust”), and accurately represents the cash received and spent over the financial year.

1. STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Trust is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 21 March 2023 and set up by a constitution which sets out the administrative framework within which the Trust operates. It has a two-tier structure whereby Members and Trustees are separate. Members have oversight and decision-making powers, while Trustees manage the Trust’s operations.

Appointment of Trustees

All of the Trustees are appointed or reappointed by the Members at our Annual General Meeting (AGM). The AGM is held in March and there must consist of at least three and no more than twelve Trustees. Of these, up to nine are elected or reappointed by Members, while three positions are designated for co-opted Members.

The Trustees may appoint any willing Member to serve as a Trustee at any time, either to fill a vacancy or to expand the Board. The Trust’s induction and training policies for new Trustees are adapted to the individual’s knowledge and experience.

2. OBJECTIVES AND ACTIVITIES

The Trust was founded in March 2023 to tackle entrenched poverty, social exclusion, and environmental decline across the Garthamlock and Craigend areas of Glasgow. Over several years, extensive consultation with residents and local stakeholders revealed a consistent and urgent demand for local action. In response, we established a community-led development trust — not only to represent local voices, but to actively secure assets, attract funding, and deliver inclusive regeneration that reflects community priorities and drives lasting improvement.

We support residents of Garthamlock and Craigend, with a particular focus on those experiencing poverty, isolation, or limited access to services. Our work spans all age groups and backgrounds, including children, young people, and older adults, to ensure that activities and opportunities are inclusive and accessible. We prioritise engagement with underrepresented communities and individuals facing barriers to participation, with an aim to rebuild social connections and improve quality of life across the area.

2

Our charitable aims are:

3. ACHIEVEMENTS AND PERFORMANCE

Overview

During 2024–25, the Trust secured a permanent base at GESH Community Centre, reinforced its governance framework, and enhanced operational capacity which has helped lay robust foundations for community-led growth.

a) Permanent Premises

Outputs

Outcomes

b) Governance Framework

Outputs

Outcomes

c) Operational Capacity

Outputs

3

Outcomes

d) Community Alignment

Outputs

Outcomes

4. ACKNOWLEDGEMENTS

The Trustees wish to thank:

5. FINANCIAL REVIEW

Financial Position

For the year ended 31 March 2025, Garthamlock and Craigend Development Trust SCIO received total income of £410 (2024: £0) and incurred total expenditure of £408.98 (2024: £0), resulting in a net surplus of £1.02 (2024: £0).

Reserves Policy

The Trustees recognise the importance of holding unrestricted reserves to provide a financial buffer and ensure the continuity of the Trust’s activities. As the Trust is still in its early stages and has only recently begun to receive minor grant funding, a formal reserves policy has not yet been established.

The Trustees plan to develop and approve a reserves policy as the Trust’s income and activities grow, taking into account future funding, operational requirements, and the needs of the

4

communty. In the meantime, any unrestricted fun(ts at the year-end will be retained to supijyt the Tntsys tharitsble Obj￿1ve5 and futtwe develotxn&)t. 6. PLAN R THE FUTURE Looking ahead, the Trust intends to move from its. initial develOpm￿t phase into active delivery. Over trie coming year, we plan to launch community activities and prc*Jrammes that meet local needs, make full use of our leased premises at GESH Community Centre, and engage residents in shaping the Trusys priorities. Further grant applications have b￿n submitted to fvnd a part-time stsff member and a range of activities for different demographics, induding children, families, and the elderly and we are awaiting responses. The Trust￿ will continue to seek funding for start-up costs and project delivery, while maintaining strong govemance and building the capacity of Trustees and Volunteers. The Trustees. Annual Report ￿ apw)ved by the Board ofTrnstees and slgned on behalf of the Trustees by: Full Name: Slgnature: (Chairperson) Date:

Statement of Receipts and Payments for the year ended 31 March 2025

Receipts
Donations
Grants
Fundraising
Bank interest
Total Receipts
Payments
Fundraising costs
Cost of charitable
activities
Governance costs
Purchase of
equipment
Total Payments
Surplus/(Deficit)
for the year
Transfers
between funds
Surplus/(Deficit)
for the year		 Unrestricted
Funds
(to nearest £)
Restricted
Funds
(to nearest £)

1
-
-
409
-
-
-
-
1
409
-
-
-
-
-
-
-
409
-
409
1
-
-
-
1
-		 Year ended
31/03/2025
(to nearest £)

1
409
-
-
410
-
-
-
409
409
1
-
1		 Period ended
31/03/2024
(to nearest £)
-
-
-
-
-
-
-
-
-
-
-
-
-

6

Statement of Balances for the year ended 31 March 2025

Unrestricted
Funds
(to nearest £)
Restricted
Funds
(to nearest £)
Opening cash at bank
and in hand
-
-
Surplus/(Deficit) for the
year
1
-
Closing cash at bank and
in hand
1
-
ank and Cash Balances
Bank deposit account
1
-
Cash in hand
-
-
1
-
ther Assets (Restricted Fund)
Equipment (1 x laptop and accessories)
iabilities (Unrestricted Fund)
PAYE		 Total
2025
(to nearest £)

-
1
1
1
-
1
409
-		 Total
2024
(to nearest £)
-
-
-
-
-
-
-
-

Bank and Cash Balances

Other Assets (Restricted Fund)

Liabilities (Unrestricted Fund)

7

Notes to the accounts for the year ended 31 March 2025

1 Basis of accounting

These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

2 Nature and purpose of funds

Unrestricted funds are those that may be used at the discretion of the Trustees in furtherance of the objects of the Trust. During the year the Trust received donations of £1.

Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor / grant provider or when funds are raised for specific purposes. During the year the Trust received a restricted grant of £409 to purchase essential IT equipment to support its initial setup.

3 Related party transactions

No remuneration was paid to Trustees (2024: Nil).

4 Donations

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2025 2024
(to nearest £) (to nearest £) (to nearest £) (to nearest £)
Public Donations 1 - 1 -
----- End of picture text -----

5 Grants Received

Unrestricted Restricted Total Total Funds Funds 2025 2024 (to nearest £) (to nearest £) (to nearest (to nearest £) £) North East Area Partnership - 409 409 0 (Glasgow City Council)

8

6 Cost of Charitable Activities

Wages and national
insurance
Rent
Fuel
Insurance
Postage, stationery and
phone
Entertainment and outings		 Unrestricted
Funds
(to nearest £)
Restricted
Funds
(to nearest £)
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2025
(to nearest £)

-
-
-
-
-
-
-		 Total
2024
(to nearest £)
-
-
-
-
-
-
-

7 Governance Costs

Unrestricted Restricted Total Total
Funds Funds 2025 2024
Wages and national
insurance - - - -

8 Transfer between funds

No transfers between funds were made during the year. All income and expenditure remained within their respective restricted or unrestricted categories, in accordance with donor / grant provider conditions and the Trust’s financial procedures.

9

behalf of the Trustees by: Full Name. Signaknre: crreasurer) Full Name: Signature: (Chairpe￿n) 10

for the year ended 31 March 2025 Retmjrt to the Tnstees/MemtHs of GARTHAMLOCK AND CRAIGEND DEVELOPMENT TRUST SCIO on the accounts of the char.ty for the 01 April 2024 to 31 March 2025 set out on pages 6 to 9. accounts have been Fyepard on the Re£eipts and Payments bass in accordance with the thaities & Twstee Inves￿ (knuand) Act 2￿)5 and the Charities p£c￿nts (sCotk￿) Regulations 2006 (as am￿). Respecuve responslbllltles of trustees and examiner The charit¢s trustees are reswnsible ft)r the preparation of the accounts in accordan￿ with the terms of the Charities and Trustee InvestrrEnt (Scx)tland) 2005 Act arKI the CharitEs Accounts (Scrjtland) Regulations 2006 (as am￿ed). The charity trustees consider that the a￿lIt requiranent of Regulation 10(1) {d) of the Accourts Regula￿ d{￿ not apply. It is my r&p)nSI￿.1Ity to examine the accounts as requir&d UThJ￿ section 44(1) (c) of the Act aThJ to state whether pa￿ular ff￿tter5 have corrE to my attention. Basis of independent examinerfs statanent My examination is carried out in accordarKe wlth R8Julation 11 of the 2006 Accounts R￿UlatiOnS. An examirkltion inclLKles a rlwiew of the accounting remrds kept by the charity and a comparison of the accounts prtsentaj with those records. It also includes consideration of any unusual tsms or disclosures in the accounts and S￿kS explanations from the trustees concerning any such mattws. The prc(&Jures Ur￿ertaken do not provlde all the eviden￿ that would be required in an audit arKli consequentty, I do rK)t express an audtt opinion on the vlew glven by the accourts. Independent examinerfs statement During my examination, nothing has conR to my attention that gives me reasonable cause tt) bdieve that, in any material respect, the reqUireM￿ts to keep accounting records in accordance with s&tion 44(1) (a) of the Chanbes arKI Trus￿ Investment (Scodand) Act 2005 and Regulation 4 of the 2006 Accounts R8Julats"ons, and to prepare accounts which accord with tho* records and comply with RegulatM)n 9 of the 2006 Accounts Regulations, have not been met, nor is there any matter whith, in my opini<￿, thould drawn to your attentTron to enable a proper uTrJer5tanding of the accounts to tE re&h8J. Independent Examinerfs Approval: 4rr.nuntsJnt